The Eurasian Development Bank (EDB) is an international financial institution
founded in order to foster economic growth and integration processes in the
Eurasian region. The Bank was founded by intergovernmental agreement that was
signed in January 2006 by the Russian Federation and Kazakhstan. Later
Armenia, Tajikistan and Belarus became members of the Bank.
The EDB member states consistently strive for greater integration in the CIS and
EurAsEC contexts, believing that joining efforts and strengthening trade and
economic co-operation will help each member to cope with the challenges of
globalisation and find a worthy niche in the world division of labour system.
The establishment of the Eurasian Development Bank on the initiative of Russia
and Kazakhstan is viewed as a major integration project in the financial and
economic sphere in the post-Soviet space. The head office of the Bank is located
in Almaty, Kazakhstan.Zoltan Horvath, 18 February 2011